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Cotton Review: Pushes Higher On Bullish Outlooks, Equities
NEW YORK–ICE Futures U.S. cotton a resumed a technical uptrend Monday with fundamental and equities support. Most-active December cotton settled up 96 points at 62.90 cents a pound, and the nearby October contract settled 90 points higher at 61.50. In...
Cotton Review: Plummets On Technicals, Weather-Related Sales
NEW YORK–Wide-scale selling amid technical cues and forecasts for favorable weather hit ICE U.S. Futures cotton hard Friday as the market reversed from a six-week high. Most-active December cotton settled 287 points lower at 61.94 cents a pound,...
Cotton Review: Rises As Charts, Weather Attract
NEW YORK–Support from bullish economic indicators and weather concerns boosted ICE Futures U.S. cotton to fresh one-month highs Thursday. Most-active December cotton settled up 66 at 64.18 cents a pound, off of the 64.21 high, and the nearby Oct...
Cotton Review: Climbs To 1-Mo High On Fund Buying Support
NEW YORK (Dow Jones)–Buying from speculative funds pushed ICE Futures U.S. cotton to fresh one-month highs Tuesday amid strong technical chart patterns and supportive outside market conditions. Most-active December cotton settled up 81 at 63.02...
Cotton Review: Modest Gains On Short Cover, Outside Mkts
NEW YORk–ICE Futures U.S. cotton rose modestly Friday on short covering as traders bought back previously sold positions, an analyst said. A slumping U.S. dollar and a rallying U.S. stock market also helped support cotton futures somewhat, he said. Most-active...
All about Crop Cotton
PAKISTAN is going to miss its cotton target for the fifth consecutive year this season. Islamabad has revised its production estimate from 13.2 million bales to 12 million. However, the official forecast is higher than the estimate of the Pakistan Cotton...
Cotton Review: Slips As Funds Sell On Spillover Weakness
NEW YORK–Speculative liquidation in tandem with outside commodities and equities pressured ICE Futures U.S. cotton Tuesday. Most-active December cotton settled down 139 points at 58.35 cents a pound and the nearby October contract also settled 139...
Cotton Review: Jumps On Late Industry Buying;Seen In Range
NEW YORK–Late commercial buying lifted ICE Futures U.S. cotton Monday in otherwise listless trade guided by outside markets. Most-active December cotton settled up 140 points at 59.74 cents a pound and the nearby October contract settled 146 points...
Cotton Review: Bounces From Oversold Condition
Cotton futures recovered from some of their recent weakness Friday largely on a technical bounce after a two-week sell-off, with traders who had previously sold the commodity buying in order to offset their positions and book profits. Most-active December...